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Microcap & Penny Stocks : Microphonics Inc. (mrps) -- Ignore unavailable to you. Want to Upgrade?

To: VMan who wrote (1558)	3/2/1999 4:36:00 PM
From: Lee Walsh	Respond to of 8189

In my opinion, this stock was due for a pullback. Too much "too the moon" and unrealistic projections IMO. I've seen it before, and it is always a warning signal to me. I think it got a bit ahead of itself. I think it is a great company and stock...not many BB companies with connections with Ford and GM...but it is still a BB stock...for now. I sold part yesterday and was riding free shares. And sold remaining this morning at the open on the gap....which I felt was weak. I sold for 2 reasons: 1) Thought the PR was a bit weak and disappointing. Not to say that NASCAR isn't great..and won't help MRPS mid to long term....but I don't think it was what most people was looking for. You have to remember...the market trades on "perception". I think they need to do a bit better in the PR department. 2) Decided after several new MM's came online this morning that they had "gotten control" of the stock. This stock only had about 5 or 6 active MM's on Friday and Monday... They had called in help this morning, and I decided they were going to hold it down today. There had to be some profit taking from all the people that got in at .625 or so like I did. With all this said, I still think MRPS is a great investment. And I don't doubt that it will trade significantly higher before the year is out. But, I think it will trend down a couple of days short term. Lee